I got Google Play Music for my family back when that was a thing. It was the same price as Spotify, had the same catalog, and included any music on Youtube as well. The fact that it included ad free Youtube was just a bonus. These days that has morphed into Youtube Premium, and I still pay for it. I am mostly there for the music, but the ad free Youtube is not terrible.

The interesting thing is that it is pretty clear that most people just watch the ads. Youtube had $60 billion in yearly revenue last year. More than Disney, NBCUniversal, Paramount, and Warner Brothers combined. Roughly $20 billion of that is credited to Youtube Premium which is bigger than any of its Hollywood competitors.

There's a reason that Peacock is being included with Youtube Premium and not the other way around. Youtube is worth something. Peacock, not so much.

Things have changed dramatically since the heyday when everyone had a cable subscription. I used to work for SlingTV (and then Dish), and I had a front row seat as the whole industry imploded. Every year the television networks and movie studios would sit down and renegotiate their contracts. Despite the fact that viewership was always down at least 10% year over year they always wanted price increases. If the cable providers pushed back (as Dish often did) they would lose access to channels, invariably during football season when it mattered most.

You see, as technology started allowing people to purchase their entertainment piecemeal it soon became clear what parts they were willing to pay for, and which parts they weren't willing to pay for. Hollywood thought that people paid for cable subscriptions to watch their scripted television. It turns out that, for most people anyway, the part of television that they were willing to pay for was live sports.

That's why Disney won't sell you ESPN unless you bundle it with everything else that they sell, and that's also why Disney is suing SlingTV for reselling access on a daily basis. SlingTV's "sports pass" allows you to pay for just the games that you want at a ridiculous price. Disney should be stoked, but instead it has sued because it wants to force sports fans to continue to pay for their other channels.

Almost no one is watching traditional scripted television these days. The few hits that the networks do have tends to be reality TV stuff like "Dancing with the Stars," where the audience can watch people compete in real time. Youtube (not YoutubeTV) has at least half again as many viewers as their next highest competitor (Netflix), at any time during the day, on traditional 10 foot devices (your living room TV). That's not counting people watching Youtube on their phones or their computers. Youtube is killing scripted content on living room televisions, during prime time. During the day its an order of magnitude worse.

Take a look at nielsen.com and take a look for yourself. It's absolutely grim. Look at the shows that are doing relatively well, they are all either sports or sports commentary. That's literally the only reason that anyone watches anything besides YouTube and Netflix.

Apple spent over $20 billion building up a content catalog. At their height they were spending nearly $5 billion a year making shows. They made some great shows and got rave reviews. Amazon spends $1 billion a year for the rights to Thursday night football. That is arguably the worst football game of the week. However, Prime generally gets as many viewers for a single game as Apple has total subscribers, including all of the free subscriptions that Apple gives away. It's not just Apple that is shifting away from scripted television either. Take a look at any of the streaming sites (including Netflix) and you will see that all of their recent moves have been to try and compete for the sports market. That's definitely what YouTube is doing by bundling Peacock.

Hollywood is currently circling the drain. Everyone is up for sale right now. No one is watching scripted television. They certainly aren't paying for it.

There is no next move. Netfilx was buying them for their back catalog. The part of WB that people care about is the part that makes new movies and television, and that part is dead no matter who purchases WB.

If you haven't seen the tour of the Warner Brother's lot, you should do that now. They are still even filming some shows there. My guess is that, no matter who owns it they will probably keep something open there as a museum, but the days of it functioning as a working studio are quickly coming to an end. Heck, they are already living in the past. Most of what they talk about when you visit the studio is shows that they stopped filming over 20 years ago.

Still, it is very interesting to see how shows like "Friends" and "Gilmore Girls" was filmed before computers could be used to create whatever shot you needed.

Everyone wants roads near their house. If you don't have a road going to your house then your house is worthless. Once the government has a right of way for a road, expanding the road might be expensive, but it doesn't get the whole community involved in a series of lawsuits.

The only people that want to live near the train tracks, on the other hand, are the people out in the middle of the California desert that would love to have a way to easily get to the parts of California that aren't a wasteland. In the nice parts of California, every home owner within visual distance of the proposed route has hired a lawyer and vowed to fight the tracks to the death.

This means that California has built a tiny bit of tracks out in the middle of nowhere (near Bakersfield but not in Bakersfield). It also means that every single foot from this point on is likely to get even more astronomically expensive. The homeowners involved know that houses that are far enough away from the tracks so that their home value doesn't plummet are going to get a windfall as their prime real estate will become even more valuable with decent public transit. The rail system is going to be a serious amenity eventually. The homeowners near the tracks, on the other hand, are going to see a serious drop to their net worth. Everyone in California wants more light rail, but only if it doesn't go through their neighborhood.

It could easily be that California real estate is simply too expensive in this day and age for something like this to be built.

Chinese vehicles, both EV and ICE, are selling like crazy in every market where they can legally be sold. I've spent some time in Latin America recently and have ridden in several of the various models, and the reality is that they are all quite nice. The Uber drivers driving them invariably think that they got excellent value for their money.

In the United States we don't have access to these inexpensive brands. We can either buy expensive ICE vehicles, or even more expensive EVs where you pay a premium to not burn fossil fuels. In that situation it makes sense to want a vehicle that competes favorably with an ICE vehicle. After all, you can get a perfectly good ICE or hybrid vehicle for less than it would cost to buy a less capable EV.

The equation shifts dramatically when the Chinese vehicle you are looking at (whether it is ICE or EV) is 1/3 to 1/2 the price of a comparable vehicle. If I could get a Chinese EV for $13K I, personally, would be willing to put up with some of its shortcomings. As an example, I like the idea of the American made and designed Slate truck. However, it isn't available until next year at the earliest, and it is likely to cost $30K, very close to what a base model Ford Maverik, Nissan Frontera, or even a Toyota Tacoma currently cost. At that price it doesn't really make sense to purchase the far less capable electric vehicle.

However, if the Slate only cost $15K then it becomes far more interesting. That's the sort of price difference that Chinese brands are currently offering. I could learn to live with a range of 150 miles (that's supposedly the Slate's range, Chinese vehicles typically offer more than that), if it costs half as much as the competition. China is making vehicles that are more than competitive with what we currently have access to in the United States, and the prices are very low. The only thing keeping China from making huge inroads in the U.S. auto market is politics.

Sure there are some people that will never buy a Chinese vehicle, and there are other people that will never buy an EV. That's fine. I remember when the same arguments were made against Japanese (and later Korean) vehicles. If the politicians really thought that no one would be interested in these cars then they wouldn't need to protect us from them with tariffs.

The housing market is definitely another place where things have become ridiculously expensive. Fixing that issue is more difficult. Everyone is in favor of low cost housing, until they are building it in their neighborhood.

On the bright side, there is a ready source of inexpensive vehicles already for sale. The only problem is that, in the U.S. at least, our politicians won't let us buy them.

In the case of both cars and houses the solution is to remove existing barriers to supply. Right now it is impossible to build inexpensive housing in many parts of the country, and so we end up with expensive housing instead. It is likewise impossible to buy the inexpensive vehicles that I believe that consumers actually want.

My current daily driver is a 1996 Honda Civic (the base model with a 5 speed manual transmission, no AC, and manual windows). I say this to say that I really like the idea of the Slate. What I want is a basic electric vehicle without frills, and without extra technology that does nothing but break and drive up the price. The problem with the Slate is that it is not yet available, nor is it likely to be available in any numbers for a couple of years. What's more, there are already more capable Chinese vehicles selling in large quantities throughout the world that are available at a lower price. These vehicles come from companies that have already set up manufacturing and distribution channels, and they are selling vehicles in some of the most challenging markets in the world.

I've done a bit of traveling in Latin America in recent years and the reality is that there are several Chinese brands that are already powerhouses when it comes to actually selling, delivering, and maintaining vehicles. They make very competitive vehicles, and, at least in Latin America you can get these vehicles serviced and repaired ridiculously inexpensively. Uber drivers were quick to point out that their BYD (and other brand) Chinese vehicles weren't Toyotas, but they have invariably stressed that they would buy them again.

If it wasn't for the U.S. tariffs the Slate wouldn't even be a contender, and it isn't likely to be a contender when it is finally available. The only real advantage that it has is that it is comparatively affordable when compared to the other ridiculously overpriced EVs that you can currently purchase in the United States.

It is also worth noting that the projected base price of the Slate keeps going up. The first time I heard about it they were saying that it would cost around $12K with tax incentives. That would have put it under $20K without incentives. These days they say that it should cost less than $30K, but that puts it within spitting distance of the base model Ford Maverik, Nissan Frontier, or Toyota Tacoma, which, quite frankly, are far more capable vehicles, from companies with actual track records.

The reason that Chinese EVs are interesting is that they are essentially 1/3 to 1/2 the price of existing ICE truck models with compelling features and decent build quality. In the parts of the world where politics aren't getting in the way these Chinese vehicles are absolutely dominating. That's what I want.

I have spent some time recently in Latin America, including several countries where Chinese imports are absolutely dominating. The local Uber drivers like their Chinese vehicles. They are quick to point out that they don't measure up to Toyota, but that, for the money, they have been an excellent value. They invariably would buy the vehicle again. Every time I get into a Chinese vehicle I ask the driver what he thinks about it, and the results have been overwhelmingly positive.

I haven't driven any of these vehicles, but as a passenger the various Chinese vehicles look pretty well made. For the price I am definitely interested.

The reality is that the entire U.S. auto industry has been chasing the luxury, and large vehicle segment of the market, and I am not interested in those types of vehicles. I want a vehicle that replaces my current daily driver, a 1996 Honda Civic. I don't want someone else's clapped out SUV. I want an inexpensive basic small electric vehicle. The Nissan Leaf is closest to what I am looking for, but in countries where Chinese imports are allowed to flourish the Leaf isn't even a contender. It is simply outclassed by the Chinese offerings.

That isn't even remotely true, at least not in any recent era. The way that bookmakers have made odds for hundreds of years has been to set the odds so that roughly the same amount of bets came in on both sides. The house makes their money from a fee that they take for setting up the bet. This is colloquially know as "vigorish, vig, or the juice."

Read the article linked, it covers how this works mathematically.

It might look like you are betting against the bookie, but the reality is that the bookie doesn't take the bet unless he has someone that is willing to take the other side of the bet, and the odds are set up so that whoever wins the money that they win is balanced by another group that lost that same amount plus a little more. That's why odds for future events would often change over time. if the bookmaker got too much interest on one side of the wager the odds would change to entice people to bet the other way. The vig guarantees that either way the house wins. That's literally what "bookmaking" means.

In other words, historically bookmaking worked exactly like prediction markets, and it has worked this way forever. The difference is that in most of the world it generally has been illegal, because gambling is addictive and destructive. There's a reason that this sort of thing was basically universally illegal, and the reason is that societies that didn't put up these guardrails invariably failed.

There's no catch. This is just Google trying to spike Apple's wheels. Play Store revenue is a much smaller piece of Google's overall revenue than Apple's App Store is of its overall revenue. Google can afford to be generous on that front, with the idea that both regulators and developers will love the change. Apple can't play that game without significantly lowering its total revenue.

Of course, consumers will pay for less expensive phone apps with increased surveillance, but, let's be honest, Apple and Google are both going to increase surveillance either way.

One other aspect of this is modern production regarding mixing and mastering. Music is pushed so far to the edge that drums are basically cut off at the high end and the whole thing sounds mushy.

My wife, who knows nothing about any of this beyond enjoying music, asked me one evening while we were listening to "Fat Bottomed Girls" why the drums sound so good compared to other music that we listen to. It's noticeable.

Well, they won't be getting tattoos or rings in their noses. And a chrome dome will be a welcome change from the blue, green and pink.

or Fuck up.

The point of this article is that, even on full sized televisions, YouTube is kicking Hollywood's collective ass. When they look at hours of programming watched on full sized televisions YouTube is clearly on top, followed by Netflix, with everyone else quite a ways behind. That's not counting computer or smaller screens where YouTube is completely dominant. Movies are making less money these days because far less people are spending money on movies. Interestingly enough one of the few bright spots for movies are smaller studios making limited availability movies. These movies have much lower budgets, and basically non-existent marketing, but the empty seats in the movie theaters means that there are screens available at a price where they can make a tidy profit. Traditional television is getting absolutely wrecked. The only part of television that people are willing to pay money for is sports broadcasting. No one has a cable or satellite subscription unless they are a rabid sports fan. The shows that everyone is talking about are as likely to come from Korea or Australia as they are from Hollywood. For years people assumed that Hollywood drove the value of cable television, and now that people have choice it turns out that the valuable part of television is the sports (and to a less extent the news). ESPN costs more than Netflix, Paramount and Apple TV combined, and Disney forces you to purchase to purchase a whole pile of their regular programming to get it. Disney is currently suing SlingTV because SlingTV is selling day and weekend passes so that you can just purchase the games you want to see without all of the rest of the slop that you don't. On top of that Hollywood is seeing increased competition from the entire rest of the world. The hit television show that everyone is talking about is almost as likely to come out of Korea as it is from U.S.

Hollywood is definitely contracting, but it is mostly because making scripted content, whether it is for television or movies, is becoming far less lucrative than it has been in the past. People are watching less scripted content, and when they do watch something it is likely that what they are watching is not from Hollywood.

As you have mentioned Prime Time TV has devolved into cop shows, but it's actually worse than that. The few hits that Hollywood have had over the last few years have invariably been live competitions and other reality TV shows.

Might have something to do with companies relocating.